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Cornish beach could fetch £30,000 Cornish beach sold for £30,000
(about 3 hours later)
A stretch of beach in Cornwall is expected to fetch £30,000 at auction later. A stretch of beach in Cornwall has sold at auction for £30,000.
The 17-acre sand and pebble beach is near Plaidy Beach, east of Looe, and overlooks Looe Island.The 17-acre sand and pebble beach is near Plaidy Beach, east of Looe, and overlooks Looe Island.
It is unusual for beaches to be sold privately but this is the second such sale in Cornwall this year after Upton Towans beach in Gwithian.It is unusual for beaches to be sold privately but this is the second such sale in Cornwall this year after Upton Towans beach in Gwithian.
The successful bidder will not be allowed to build on the land or make it private. The auctioneers said the successful bidder was British but not local and they would not be allowed to build on the land or make it private.
The beach does not have any buildings on it, does not generate any income, and is overlooked by several houses.The beach does not have any buildings on it, does not generate any income, and is overlooked by several houses.
Richard Argles from the auctioneers Colliers CRE, called it a "trophy purchase" because the new owner would not be allowed to do anything with the land. Richard Argles, from the auctioneers Colliers CRE, called it a "trophy purchase" because the new owner is not allowed to do anything with the land.
He said: "We sold Upton Towans earlier this year, before that we last sold a beach 20 years ago so it's very rare."He said: "We sold Upton Towans earlier this year, before that we last sold a beach 20 years ago so it's very rare."
The 76-acre Upton Towans beach fetched £80,000 at auction in July 2009, although bidding started at £50,000.The 76-acre Upton Towans beach fetched £80,000 at auction in July 2009, although bidding started at £50,000.